U.S. current account deficit continues apace

So $500 billion a year. With a population of 300 million, this is about $1500 per person per year. Unfortunately for me, as director of FAVL, that means sustained appreciation of dollar fairly unlikely.

For the three months ending in July, exports of goods and services averaged $196.8 billion, while imports of goods and services averaged $238.4 billion, resulting in an average trade deficit of $41.6 billion.

via News Release: U.S. International Trade in Goods and Services.

About mkevane

Economist at Santa Clara University and Director of Friends of African Village Libraries.
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